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President Trump Reinstating Economic Sanctions with Iran

Economic Sanctions
President Donald Trump, left, and Iranian President Hassan Rouhani recently butt heads over nuclear arms and economic sanctions.

The Trump administration announced Monday it will be reactivating economic sanctions with Iran which were lifted in the landmark multinational nuclear accord, a tough move that could nonetheless leave the U.S. more inaccessible.

The decision follows on President Donald Trump’s unilateral conclusion in May to withdraw from your 2015 Joint Comprehensive Plan of Action negotiated from the Obama administration to lift sanctions on Iran in exchange for a freeze on its nuclear program.

European nations, Russia and China had urged Trump in which to keep the deal. And on Monday, the European Union moved to thwart America’s reimposition of Iran sanctions, announcing a “blocking statute” to shield EU operators to extract damages and ban EU persons from complying with all the sanctions.

A statement by EU diplomatic chief Federica Mogherini as well as the foreign ministers of Britain, France and Germany said hello would work to help keep “effective financial channels” open with Iran.

“We deeply regret the re-imposition of sanctions from the US, due to latter’s withdrawal from your Joint Comprehensive Plan of Action (JCPOA),” the statement issued in Brussels said.

Trump argued the JCPOA was a “horrible, one-sided deal” that left Tehran while using resources to fuel conflict in the Middle East. The administration has touted the reimposition of actions as a method to slice off Tehran’s capability to fund terrorism and weapons proliferation.

“Since the sale was reached, Iran’s aggression has increased. The regime has utilized the windfall of newly accessible funds it received within the JCPOA to create nuclear-capable missiles, fund terrorism, and fuel conflict throughout the Middle East and beyond,” Trump said in a very statement Monday.

In spite of EU opposition, Trump said he really wants to get tougher still, with “a more comprehensive deal that addresses the total array of the regime’s malign activities, including its ballistic missile program and its support for terrorism.”

The first wave of sanctions should go into effect at nighttime for Iran’s automotive sector and so on its precious medals trade, while using next wave of sanctions targeting Iran’s energy sector due in November.

“The United States is fully devoted to enforcing our sanctions, and we will always work with with nations conducting business with Iran to make certain complete compliance,” Trump said. “Individuals or entities that are not able to wind down activities with Iran risk severe consequences.”

Meanwhile, there has been some mixed messages from the administration. Trump said a week ago that they would talk with Iran’s president with “no preconditions”, simply to be contradicted by Secretary of State Mike Pompeo, who listed a number of preconditions to this type of meeting.

On Saturday, Trump said any meeting with all the Iranian regime is “up for many years.”

“Iran, and it’s economy, will go very bad, and fast! I will meet, or otherwise meet, it doesn’t matter, it really is up in their mind!” Trump wrote on Twitter.

Officials with the State and Treasury departments have been touring 20 countries to coordinate with governments, in line with the administration.

Israeli Prime Minister Benjamin Netanyahu represented an international minority in support of Trump’s move, contacting European countries to fall in line. “This is a crucial moment for Israel, for the United States, for the region, and to the earth,” Netanyahu said Monday, as quoted from the Times of Israel.

From Capitol Hill, a number of Republican lawmakers voiced support for the White House, including Sen. Jim Inhofe, a senior an affiliate the Senate Armed Services Committee.

“Three months ago, President Trump stood against Iran’s malign behavior by taking out of flawed Iran Deal,” Inhofe, R-Okla., said in a statement. “Today, he continues his leadership by reimposing strong sanctions that may show Iran that their support for terrorism and expansion of their ballistic missile capabilities are unacceptable.”

Maine Democratic Rep. Shellie Pingree, who sits around the House Appropriations Committee, said on Twitter: “None folks wants a nuclear Iran. President Trump shouldn’t have ripped up a functioning agreement. This misguided decision again risks putting Iran back for the nuclear weapons development track and further distances us from our allies.”

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